Global Aromatic Solvent Market

 
Global Aromatic Solvent market was valued US$ 7.27 Bn in 2019 and is anticipated to reach US$ XX Bn by 2026 at a CAGR of about XX % during a forecast period.


Global Aromatic Solvent market is segmented by raw material, by application and by region. Aromatic Solvent market is segmented into Benzene, Toluene, Xylene and Ethylbenzene solvent. Oilfield chemicals, pharmaceuticals, automotive, paints and coatings, and others are application segment of Aromatic Solvent market. Geographically into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

An aromatic solvent consists of an aromatic hydrocarbon such as ethane, naphtha, toluene, xylene, or propane. The aromatic solvents are organic chemicals that dissolve the solid materials to form a solution that is homogenous. It is mainly produced by means of distillation of the crude petroleum stock in oil refining industry. Moreover, these aromatic solvents are used in the manufacturing of other intermediate chemicals such as cumene, phthalic anhydride, ethyl benzene, maleic anhydride, and naphthalene.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.



To know about the Research Methodology:-Request Free Sample Report

Toluene is used as a raw material for toluene diisocyanate, cement for polystyrene kits, and fullerene indicator and is also used in leather tanning and printing processes. The xylene solvents segment of the aromatic solvents market is projected to register the highest CAGR from 2018 to 2023, in terms of value and volume. This is due to its high solvency power and increasing capacity expansion of xylene, globally.

The paints & coatings segment accounted for the largest market share, in terms of value, in 2017. The growth of the automotive OEM, machinery, and appliances markets, globally accompanied by the rise in building and construction activities are expected to drive the demand in this application during the forecast period.

Asia Pacific is estimated to be the largest market for aromatic solvents in 2018, and the region is also expected to continue to lead the market till 2023, owing to the growing industries in the region's emerging economies such China, South Korea, and India. The rising per capita disposable incomes, rapid urbanization, and growing demand for automobiles are projected to fuel the aromatic solvents market.

Exxon Mobil Corporation, LyondellBasell Industries N.V., BASF SE, Eastman Chemical Company, Royal Dutch Shell Plc., Chevron Phillips Chemical Company, Celanese Corporation, W.M. Barr & Company Inc., Total S.A., Top Solvent Co. ltd, Reliance Industries Limited, Recochem Inc., Pon Pure Chemicals Group., Indian Oil Corporation Limited, Haltermann Carless, Gotham Industries, Global Chemical Co. Ltd, Formosa Chemicals & Fibre Corporation, China National Petroleum Corporation, Bharat Petroleum Corporation Limited are key players included in the Global Aromatic Solvent market.

The objective of the report is to present comprehensive analysis of Global Aromatic Solvent Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes Market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global Aromatic Solvent Market dynamics, structure by analyzing the Market segments, and project the Global Aromatic Solvent Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Aromatic Solvent Market the report investor’s guide.
The Scope of Global Aromatic Solvent Market: Inquire before buying

Global Aromatic Solvent Market ,by Raw Material

• Benzene
• Toluene
• Xylene
• Ethylbenzene solvent
Global Aromatic Solvent Market, by Application

• Oilfield chemicals
• Pharmaceuticals
• Automotive
• Paints and coatings
• Others
Global Aromatic Solvent Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player Analysed in the Global Aromatic Solvent Market Report:

• Exxon Mobil Corporation
• LyondellBasell Industries N.V.
• BASF SE
• Eastman Chemical Company
• Royal Dutch Shell Plc.
• Chevron Phillips Chemical Company
• Celanese Corporation
• W.M. Barr & Company Inc.
• Total S.A.
• Top Solvent Co. ltd
• Reliance Industries Limited
• Recochem Inc.
• Pon Pure Chemicals Group.
• Indian Oil Corporation Limited
• Haltermann Carless
• Gotham Industries
• Global Chemical Co. Ltd
• Formosa Chemicals & Fibre Corporation
• China National Petroleum Corporation
• Bharat Petroleum Corporation Limited
• SK global chemical Co., Ltd.
• CPC Corporation
• HCS Group

Visit @:
This Report Is Submitted By : Maximize Market Research Company
About Us:
Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Comments

Post a Comment

Popular posts from this blog

The 2024 Smartphone Showdown: Top Contenders and Innovations

Smart Phones Market Overview Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Smart Phones Market ”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Smart Phones market, with forecasts outspreading to the year 2029. Request for Sample Copy: https://www.maximizemarketresearch.com/request-sample/87739/   Smart Phones Market Scope and Methodology: Two important pieces of information are considered in the study: SWOT analysis and descriptive analysis. The goal of this study is to present comprehensive market data on the Smart Phones subject. Data can be gathered using questionnaires and surveys. Data is analysed using mathematical, statistical, and numerical techniques once it has been gathered. In order to use both qualitative and quantitative research methodologies to track market changes, data
Read more

Nuclear Medicine Equipment Market Global Industry Analysis and Forecast

  Nuclear Medicine Equipment Market Scope: From 2022 to 2029, the market for Nuclear Medicine Equipment  is predicted to grow at the quickest rate. The Maximize Market Research (MMR) report analyses trends in supply and demand as well as costs, prices, shares, volumes, sales, and gross profits. This MMR data collection looks at each company's manufacturing unit, capacity, production, factory price, market price, and market share. Nuclear Medicine Equipment Market Overview: The Maximize Market Research Report looks into a variety of variables that encourage market growth. The market trends, opportunities, challenges, and factors that help or hurt the market are all included in the study. This section also discusses the many sectors and applications that could have an impact on the market over the course of the anticipated term. This information is based on recent as well as earlier patterns. This section also includes an overview of the production for each type from 2022 to 2029. Th
Read more

Drugs in Protein Market Global Overview and Forecast

Protein Drugs Market Scope: From 2022 to 2029, the market for  Protein Drugs  is predicted to grow at the quickest rate. The Maximize Market Research (MMR) report analyses trends in supply and demand as well as costs, prices, shares, volumes, sales, and gross profits. This MMR data collection looks at each company's manufacturing unit, capacity, production, factory price, market price, and market share. Protein Drugs Market Overview: The Maximize Market Research Report looks into a variety of variables that encourage market growth. The market trends, opportunities, challenges, and factors that help or hurt the market are all included in the study. This section also discusses the many sectors and applications that could have an impact on the market over the course of the anticipated term. This information is based on recent as well as earlier patterns. This section also includes an overview of the production for each type from 2022 to 2029. This section talks about the regional outp
Read more